Alkane is pleased to provide production, cost and growth and exploration expenditure guidance for the financial year ending 30 June 2026 (FY2026) for its three operating mines: Tomingley and Costerfield in Australia and Björkdal in Sweden. All dollars noted are Australian.
Alkane’s production and cost guidance on the basis of 100% contribution from Tomingley, Costerfield and Björkdal for the financial year to 30 June 2026 (Group Guidance) is 160,000 – 175,000 AuEq ounces1 at an AISC of A$2,600 – A$2,900 per AuEq ounce.2
As the merger with Mandalay completed on 5 August 2025, Alkane’s statutory reported production and costs for FY2026 will reflect production and costs from Costerfield and Björkdal only from that date. Accordingly, production guidance on a statutory reported basis (Attributable Guidance) is 155,000 – 168,000 AuEq ounces1 for FY2026.
For the purposes of investor presentations, Alkane will include both Group Guidance and Attributable Guidance for FY2026. Subsequent reporting periods (financial year to 30 June 2027 and onwards) will incorporate full production and financial contribution of Costerfield and Björkdal.
Alkane Managing Director, Nic Earner, said: “Following the close of our transformational merger with Mandalay Resources in August, we are now well-positioned to deliver significant year-over-year growth across our expanded operations in FY2026. Our guidance demonstrates the strength of our three cash-generating assets in premier jurisdictions, with gold equivalent production forecast to increase to be between 160,000 and 175,000 ounces for the July 2025 to June 2026 period.1,3
“We will maintain a disciplined approach to costs while investing in significant capital and exploration to drive organic growth across our operations, funded by a robust pro forma cash position. This marks the beginning of a new chapter for Alkane, as we remain focused on sustainable growth and delivering shareholder value.”
1. Gold equivalent ounces calculated by multiplying forecast quantities of gold and antimony in the period by the respective average forecast market price of the commodities in the period, adding the two amounts to get “total contained value based on market price,” and dividing that total contained value by the average forecast market price of gold in the period. I.e., AuEq = ((Forecast Au Produced x Forecast Au A$/oz) + (Forecast Sb Produced x Forecast Sb A$/t)) / (Forecast Au $/oz). The average forecast market prices used for calculating gold equivalent ounces for FY2026 are: US$ 3,250/oz Au and US$ 25,000/t Sb.
2. All-in sustaining costs is a non-IFRS measure and does not have a standardised meaning under IFRS and might not be comparable to similar financial measures disclosed by other companies. Refer to “Non-IFRS Performance Measures” at the end of this press release for further information.
3. Calculated on basis of 100% contribution from Tomingley, Costerfield and Björkdal for full financial year to 30 June 2026. As the merger with Mandalay Resources completed on 5 August 2025, Alkane’s statutory reported production for FY2026 will reflect production from Costerfield and Björkdal only from that date.